5 Penny Stocks Billionaires Are Loading Up On

3. Lufax Holding Ltd (NYSE:LU)

Number of Billionaire Investors in Q1 2023: 8

Lufax Holding Ltd (NYSE:LU) is a Chinese company operating out of Shanghai. It was set up in 2005 and runs a financial technology platform. Through this, it offers different kinds of loans and wealth management products.

Insider Monkey’s March quarter of 2023 survey of 943 hedge funds revealed that 16 had bought Lufax Holding Ltd (NYSE:LU)’s shares. The firm’s largest hedge fund shareholder is Thomas Steyer’s Farallon Capital with a $78 million stake.

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